AI darlings prop up Wall Street
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Wall Street chief executives said investors should brace for an equity market drop of more than 10% in the next 12 to 24 months, and that such a correction may be a positive development.
The stock market fell again on Thursday as Wall Street continued to sell riskier technology and consumer discretionary stocks in the wake of some weaker labor market data. The Dow Jones Industrial Average fell 397 points, or 0.8%. The S&P 500 was down 1.1%. The Nasdaq Composite dropped 1.9%.
Stocks gained ground on Wall Street following several upbeat economic updates and a steady flow of quarterly reports from U.S. companies.
Nvidia (NVDA) CEO Jensen Huang clarifies his stance on the AI race, emphasizing America's need to lead global AI development. AI leaders at the Future of AI Summit agree Artificial General Intelligence will emerge gradually, with current AI already augmenting human labor.
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Wall Street can’t decide whether the job market is showing a ‘rebound’ or declining to ‘stall speed’
U.S. futures are flat this morning as traders try to figure out whether new jobs data makes a Fed rate cut in December more or less likely.
CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.
Palantir stock sold off after earnings despite solid results, while comments from bank CEOs have raised concerns about a more severe pullback.
Wall Street logged tiny gains before the bell with markets relying heavily on corporate earnings data for insight into how the U.S. economy is doing in the absence of government data due to the shutdown.
As Americans have raised concerns about rising prices, a possible recession, a cooling labor market and an ongoing government shutdown in recent months, economists have warned the U.S. economy may be “K-shaped,” with spending trends becoming divided among low- and high-income consumers.
Facing regulatory uncertainties and cautious analyst sentiments, Dominion Energy’s stock price performance has been limited. Over the past 52 weeks, the stock has gained a modes
Soaring earnings growth prospects for Canada's main stock index have raised portfolio managers' confidence that the commodity-linked market's move to a record high is justified and could boost the attraction for global investors who rushed in this year.
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